Wednesday, July 7, 2021

What's happening in FX world.....and a bit of Euro 2020

Hello traders , hope you are well and safe..

Italy is the first team in the Final this Sunday... Yeahhhhh
Let's see if England can go through too... 1968 last time it was in the final....
This sporting events can have a huge impact in the market....Last World cup boost UK economy by 1.6 Billion.....

The US dollar index resumed strength and tested resistance 92.50. FED meeting minutes is due today. USDJPY lower to 110.61, naked strategy in play and USDCAD above 1.245
S&P 500 and Dow dipped yesterday after the 4th of July long weekend while Nasdaq closed above the flatline. Investors showed some cautiousness as ISM service PMI missed estimates in June at 60.1.

Gold closed higher around $1,797.10 despite the pullback from intraday high around $1,815.02.
WTI crude tumbled more than 3% and closed around $73.95 after hitting a seven-year high of $77.16.
Bitcoin steady at $33,933.26
EURUSD slumped to 1.1823 on weak Eurozone ZEW economic sentiment survey and Germany’s factory orders.
GBPUSD fell below 1.38 amid the USD recovery, despite the optimism about the reopening in the UK on the 19th Of July.
AUDUSD closed below 0.75 manly pushed from the risk-off mood.... RBA announced to slightly reduce its bond buying program to $4 billion a week.
NZDUSD finished the volatile session lower at 0.7009.

News today:

USD
JOLTS Job Openings
FOMC Minutes
CAD
Ivey Purchasing Managers Index
Ivey Purchasing Managers Index s.a
EUR
European Commission releases Economic Growth Forecasts

Trade safe, stay safe and enjoy the last semi-final match

https://preview.redd.it/piw3rwa0fr971.jpg?width=880&format=pjpg&auto=webp&s=19a60f0d34aa17bd58e598cbc6554a1d53136f36


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